How can I trade cryptocurrencies OTC in the US?

3 answers

• Nov 26, 2021 · 3 years ago
  To trade cryptocurrencies OTC in the US, you can follow these steps: 1. Find a reputable OTC trading desk or broker that operates in the US market. 2. Contact the OTC desk or broker and provide them with the details of the cryptocurrencies you want to trade and the desired quantity. 3. Negotiate the terms of the trade, including the price, payment method, and any additional fees. 4. Once the terms are agreed upon, you will need to complete the necessary compliance and KYC (Know Your Customer) procedures. 5. Transfer the funds or cryptocurrencies to the OTC desk or broker as per their instructions. 6. The OTC desk or broker will facilitate the trade and ensure the secure transfer of funds or cryptocurrencies. 7. After the trade is completed, you will receive the purchased cryptocurrencies in your designated wallet. Note: OTC trading is typically used for large-volume trades and offers privacy and liquidity advantages compared to traditional exchanges.
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• Nov 26, 2021 · 3 years ago
  If you want to trade cryptocurrencies OTC in the US, you can consider using a peer-to-peer (P2P) trading platform. These platforms connect buyers and sellers directly, allowing you to negotiate the terms of the trade. Some popular P2P platforms for OTC trading in the US include LocalBitcoins and Paxful. However, it's important to exercise caution and conduct thorough research to ensure the platform you choose is reputable and secure.
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• Nov 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers OTC trading services in the US. With BYDFi's OTC desk, you can trade cryptocurrencies in large volumes with competitive prices and personalized support. The process is simple: contact BYDFi's OTC desk, provide the details of your trade, negotiate the terms, complete the necessary compliance procedures, and execute the trade. BYDFi ensures a secure and efficient OTC trading experience for its users.
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